The advanced age of U.S. warehouses–43 years on average–is spurring record construction as big e-commerce and retail distributors demand larger, more modern facilities, reported CBRE, Dallas.
Tag: John Morris
CBRE: U.S. Needs 330M Square Feet of Distribution Space to Meet eCommerce Demand
CBRE, Dallas, estimated the U.S. will need an additional 330 million square feet of distribution space by 2025 just to handle projected increases in online ordering.
Retail-to-Industrial Conversions Accelerate, Driven by E-Commerce
Nearly 14 million square feet of retail space has converted to industrial space since 2017–a trend likely to increase as e-commerce expands and industrial rents increase, said CBRE, Los Angeles.